91-day T-bill8.750%▲ 0.002
182-day T-bill8.851%▼ 0.008
364-day T-bill9.029%▲ 0.002
Central Bank Rate8.75%07/10/2026
Inflation6.8%September 2026
Top MMF yield10.46%Madison
Sources: CBK auction, 2 Nov 2026 value date (change vs 26 Oct); CBK key rates; fund managers' published yields, as at 31 Oct 2026.

Kenya lost KSh48bn in forest wealth in five years even as tree cover grew, KNBS says

Kenya lost KSh48bn in forest wealth in five years even as tree cover grew, KNBS says

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Kenya’s forest cover grew from 3.47 million hectares in 2019 to 3.59 million hectares in 2024, but the country still lost an estimated KSh48.05 billion (US$369.6 million) in forest wealth over the period, because clearing of mature forests destroyed far more biomass than new planting added, according to Kenya National Bureau of Statistics (KNBS) natural capital accounts reported by The Kenyan Wall Street on October 30, 2026.

Kenya forest cover vs forest wealth, 2019–2024

Measure Figure
Forest area 2019 → 2024 3.47m ha → 3.59m ha (+124,003 ha)
Afforestation 342,427 ha
Deforestation 218,424 ha
Biomass lost to deforestation 20.19m tonnes
Biomass added by afforestation 1.99m tonnes
Biomass stock 2019 → 2024 345.15m t → 324.96m t
Economic loss KSh48.05bn (about KSh9.61bn a year)

Why more trees can still mean less value

New plantings take decades to build the biomass and ecological value of a mature forest. Clearing one hectare of old montane forest removes far more stored carbon than a new hectare adds in its first years. So hectares can rise while natural capital falls.

Montane forests carry most of the loss

Montane forests, including the Mau Complex, Mount Kenya, the Aberdares and the Cherangany Hills, accounted for about US$251.25 million, roughly 68% of the total loss, and 16.11 million tonnes of biomass. Dryland forests were next (US$64.55 million, 4.11 million tonnes), then plantations (US$21.66 million). Coastal forests lost 1.09 million tonnes, western rainforests about 830,086 tonnes and mangroves 39,088 tonnes. The five main montane water towers supply about 75% of Kenya’s fresh water.

How KNBS valued the loss

KNBS converted lost biomass into carbon dioxide equivalent using 2019 IPCC guidelines and applied a price of US$10 per tonne. At higher carbon prices, the loss would be larger; the figure also excludes other services such as water regulation and biodiversity.

Why it matters for business

FAQ

What is Kenya’s forest cover?

About 3.59 million hectares in 2024, up from 3.47 million in 2019, according to KNBS.

How much forest wealth did Kenya lose?

About KSh48.05 billion between 2019 and 2024.

Which forests lost the most?

Montane forests, accounting for about 68% of the economic loss.

Updated October 31, 2026.

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About Author

Norah Waceke is a business journalist and editor at Business Radar with more than eight years of experience covering Kenya's economy, companies and markets. She previously worked at one of Kenya's leading digital news platforms, where she reported on business, finance and current affairs. A graduate of Multimedia University of Kenya, Norah focuses on clear, accurate reporting that helps readers understand the money stories shaping their lives and businesses.

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